Note 4: Balance Sheet Details

Balance sheet details were as follows:

Accounts Receivable, Net

	As of

	July 31, 2014			October 31, 2013
	In millions
Accounts receivable	$	14,451		$	16,208
Allowance for doubtful accounts		(253	)		(332	)


	$	14,198		$	15,876

	Nine months ended July 31, 2014

	In millions
Allowance for doubtful accounts—accounts receivable:
Balance at beginning of period	$	332
Provision for doubtful accounts		14
Deductions, net of recoveries		(93	)


Balance at end of period	$	253

HP has third-party revolving short-term financing arrangements intended to facilitate the working capital requirements of certain customers. In the second quarter of fiscal 2014, HP expanded its financing arrangements, adding $1.6 billion of capacity. These financing arrangements, which in certain cases provide for partial recourse, result in a transfer of HP's trade receivables and collection risk to third parties. Transferred trade receivables are generally derecognized upon transfer to a third party. At July 31, 2014 and October 31, 2013, $449 million and $171 million, respectively, of transferred trade receivables had not been collected from the third parties.

For the arrangements involving an element of recourse, the recourse obligation is measured using market data from similar transactions and reported as a current liability in the Consolidated Condensed Balance Sheets.

Trade receivables sold and cash received under these facilities was as follows:

	Three months ended July 31

	2014		2013
	In millions
Trade receivables sold	$	2,903	$	1,130
Cash receipts	$	2,922	$	995

	Nine months ended July 31

	2014		2013
	In millions
Trade receivables sold	$	6,853	$	3,784
Cash receipts	$	6,575	$	3,510

The aggregate maximum, utilized and available program capacity under these arrangements were as follows:

	As of

	July 31, 2014			October 31, 2013
	In millions
Non-recourse arrangements:
Maximum program capacity	$	1,122		$	764
Utilized capacity⁽¹⁾		(692	)		(314	)


Available capacity	$	430		$	450


Partial-recourse arrangements:
Maximum program capacity	$	1,964		$	631
Utilized capacity⁽¹⁾		(1,408	)		(454	)


Available capacity	$	556		$	177


Total arrangements:
Maximum program capacity	$	3,086		$	1,395
Utilized capacity⁽¹⁾		(2,100	)		(768	)


Available capacity	$	986		$	627

⁽¹⁾: Amount represents receivables sold to the third parties, but not collected from the customer by the third parties. Transferred trade receivables included in the utilized capacity that HP has not collected from third parties are as follows:

	As of

	July 31, 2014		October 31, 2013
	In millions
Non-recourse arrangements	$	62	$	52
Partial-recourse arrangements		387		119


Total arrangements	$	449	$	171

Inventory

	As of

	July 31, 2014		October 31, 2013
	In millions
Finished goods	$	3,991	$	3,847
Purchased parts and fabricated assemblies		2,258		2,199


	$	6,249	$	6,046

Property, Plant and Equipment

	As of

	July 31, 2014			October 31, 2013
	In millions
Land	$	552		$	626
Buildings and leasehold improvements		8,976			8,942
Machinery and equipment, including equipment held for lease		17,205			16,565


		26,733			26,133


Accumulated depreciation		(15,299	)		(14,670	)


	$	11,434		$	11,463

For the nine months ended July 31, 2014, the change in gross property, plant and equipment was due primarily to purchases of $2,936 million, which were partially offset by sales and retirements totaling $2,267 million. Accumulated depreciation associated with the assets sold and retired was $1,816 million.

Other Liabilities

	As of

	July 31, 2014		October 31, 2013
	In millions
Pension, post-retirement, and post-employment liabilities	$	4,653	$	5,098
Long-term deferred revenue		3,865		3,907
Deferred tax liability—long-term		1,228		2,668
Other long-term liabilities		4,918		4,218


	$	14,664	$	15,891